Power Transfer
/ˈpaʊər ˈtrænsfɜr/
Definitions
- (n.) The legal act or process of transferring rights, interests, or authority from one party to another.
The power transfer agreement effectively shifted control of the property to the buyer.
Forms
- power transfer
- power transfers
Related terms
See also
Commentary
In legal drafting, clearly specifying the scope and limitations of power transfer is crucial to avoid disputes over authority.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.